Following the European Court of Justice’s (ECJ) rulings in Meo and Vodafone Portugal, HMRC has recently updated its VAT manual and published a brief (https://www.gov.uk/government/publications/revenue-and-customs-brief-12-2020-vat-early-termination-fees-and-compensation-payments/) stating that payments arising out of early contract termination will now be treated as consideration for a taxable supply therefore subject to VAT.
UK Tax Round Up: October 2018
By Catherine Sear, Robert E. Gaut & Stephen Pevsner on
Welcome to the October edition of the Proskauer UK Tax Round Up. It has been a reasonably busy month, with a number of interesting UK cases being reported as well as further clarity from the CJEU in relation to VAT. The Autumn Budget will be presented later today and the…
UK Tax Round Up: March 2018
By Catherine Sear, Robert E. Gaut & Stephen Pevsner on
Welcome to the March edition of the Proskauer UK Tax Round Up. As promised, the Spring Statement from the Chancellor focused on the economy and public finances without any major tax announcements. However, a few interesting consultation and position papers were published. We have summarised these below along with a…
UK Tax Round Up: February 2018
By Catherine Sear, Robert E. Gaut & Stephen Pevsner on
Welcome to the February edition of the Proskauer UK Tax Round Up. Although there have been no major developments since our last issue there have been several interesting cases published.
UK Tax Round Up: January 2018
By Catherine Sear, Robert E. Gaut & Stephen Pevsner on
Welcome to the January 2018 edition of the Proskauer UK Tax Round Up. This month has been fairly quiet from a tax perspective, which provides a welcome respite from the busy end to 2017. Please view this month’s issue of the UK Tax Round Up.
UK Tax Round Up: December 2017
By Catherine Sear, Robert E. Gaut & Stephen Pevsner on
Welcome to the December 2017 edition of the Proskauer UK Tax Round Up. There have been many announcements and publications this month, largely a result of the Autumn Budget and publication of the Finance (No. 2) Bill 2017-19. Please view this month’s issue of the UK Tax Round Up.
UK Tax Round Up: November 2017
By Catherine Sear, Robert E. Gaut & Stephen Pevsner on
Welcome to the November 2017 edition of the Proskauer UK Tax Round Up. The past month has seen a major case on interest finalised before the Supreme Court as well as some interesting proposals for the simplifications of the laws on VAT. Please view this month’s issue of the UK…